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TSLA

Tesla Inc.'s (NASDAQ:TSLA) Cybertruck is challenging Ford Motor Co's (NYSE:F) dominance in the pickup truck market, historically led by the F-150. Despite Tesla's success with the Model Y, experts and consumers express mixed feelings about the Cybertruck's potential to dethrone the F-150. Factors such as design, price, and range are discussed, alongside Tesla's direct sales model and production capabilities compared to Ford's extensive dealer network and production volume. The article also touches on the broader EV market and consumer preferences.

Portfolio Pulse from Ramakrishnan M

February 19, 2024 | 12:13 pm

META

Meta Platforms Inc. CEO Mark Zuckerberg discussed the impact of AI on jobs, expressing optimism about AI's potential to enhance lives but acknowledging uncertainty about the immediate future of work. He highlighted the transformative nature of AI, suggesting some jobs may become automated, while emphasizing the underutilization of human ingenuity. The article also references OpenAI's Sam Altman's UBI proposal and the WEF's job impact predictions by 2025.

Portfolio Pulse from Rounak Jain

February 19, 2024 | 10:35 am

META

Meta Platforms Inc. CEO Mark Zuckerberg emphasized the company's ongoing commitment to the metaverse, despite the current focus on AI. In a podcast interview, he highlighted Meta's substantial annual investment of at least $15 billion in both AI and the metaverse. Zuckerberg's remarks underscore the importance of the metaverse to Meta's long-term strategy, even as AI garners more immediate attention. This comes amid scrutiny of Meta's metaverse initiatives, including a public critique by Elon Musk and layoffs in the Reality Labs unit.

Portfolio Pulse from Ananya Gairola

February 19, 2024 | 9:10 am

META

SNAP

Snap Inc. (NYSE:SNAP) faces growing investor frustration due to its financial underperformance, with its stock plummeting 40% this month after reporting a $248 million loss and another round of layoffs. Wedbush's Dan Ives highlighted the continuous disappointment among investors, contrasting Snap's struggles with Meta Platforms' (NASDAQ:META) record ad sales profits. Snap's leadership, particularly CEO Evan Spiegel, is under scrutiny as investor confidence wanes, exacerbated by Snap's significant control structure and ongoing legal challenges.

Portfolio Pulse from Benzinga Neuro

February 19, 2024 | 7:32 am

ACDVF

Air Canada (OTC:ACDVF) was ordered to refund a passenger misled by its chatbot about bereavement fares. The airline argued the chatbot was a separate legal entity, but the tribunal ruled against it, ordering a partial refund. This case highlights the legal and operational challenges companies face with AI chatbots, amid growing reliance on such technology across various sectors.

Portfolio Pulse from Ananya Gairola

February 19, 2024 | 7:28 am

TSLA

Tesla's Cybertruck lead engineer, Wes Morrill, addressed concerns about rust on the vehicle's stainless steel exterior, explaining it as superficial and easily cleanable. He recommended specific cleaning products and methods for maintaining the Cybertruck's unique exterior. Morrill's clarification aims to dispel myths and reassure customers about the durability and maintenance of the Cybertruck's stainless steel exoskeleton.

Portfolio Pulse from Anan Ashraf

February 19, 2024 | 7:23 am

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), expressed his desire to create a video game focused on solving engineering problems and earning badges. However, he stated that this project would only proceed after Tesla achieves unsupervised Full Self-Driving (FSD) technology that is safer than the current supervised FSD. Musk highlighted Tesla's advanced real-world simulation and video generation capabilities. Additionally, Tesla's history with in-car gaming, including the introduction of 'Passenger Play' and integration of Steam for stationary gaming, underscores the company's ongoing interest in gaming.

Portfolio Pulse from Ananya Gairola

February 19, 2024 | 2:40 am

GOOGL

ME

Marco Troper, the 19-year-old son of former YouTube CEO Susan Wojcicki and a freshman at UC Berkeley, was found dead in his dorm, likely due to a drug overdose. His death highlights the dangers of fentanyl, a leading cause of death among Americans aged 18-45. The Wojcicki family, influential in Silicon Valley, is devastated by the loss.

Portfolio Pulse from Maureen Meehan

February 18, 2024 | 8:01 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is expected to be fined approximately €500 million by the European Commission for allegedly breaching EU law with its music streaming services. This follows a formal complaint by Spotify in 2019, accusing Apple of anti-competitive practices. The fine, one of the largest against tech firms by the EU, highlights ongoing tensions between Brussels and Big Tech over market competition.

Portfolio Pulse from Benzinga Neuro

February 18, 2024 | 3:14 pm

AAPL

GOOG

META

MSFT

Mark Zuckerberg, CEO of Meta Platforms Inc (META), discussed the ongoing trend of layoffs in the tech industry on 'The Morning Brew', attributing it to a shift towards more efficient operational models. He mentioned that the initial layoffs were a correction to the pandemic-induced expansion, but the trend continues as companies, including Meta, Microsoft (MSFT), and Alphabet's Google (GOOG), aim for leaner structures. Zuckerberg also highlighted competition with Apple (AAPL) in virtual reality and augmented reality, expressing respect for Apple's work despite a longstanding rivalry.

Portfolio Pulse from Bibhu Pattnaik

February 17, 2024 | 9:14 pm